Armada Hoffler Properties, Inc. (AHH) To Go Ex-Dividend on September 25th

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Wednesday, September 25th will be paid a dividend of 0.205 per share by the real estate investment trust on Thursday, October 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend is Wednesday, September 25th.

Armada Hoffler Properties has raised its dividend payment by an average of 43.9% per year over the last three years. Armada Hoffler Properties has a dividend payout ratio of 264.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Armada Hoffler Properties to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 68.3%.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock traded up $0.14 during mid-day trading on Thursday, reaching $11.87. 52,160 shares of the company’s stock were exchanged, compared to its average volume of 419,625. The business’s fifty day simple moving average is $11.71 and its 200 day simple moving average is $11.11. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. Armada Hoffler Properties has a one year low of $9.81 and a one year high of $13.11. The firm has a market capitalization of $1.05 billion, a PE ratio of 130.22 and a beta of 1.04.

Analyst Ratings Changes

Several research firms recently weighed in on AHH. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.00 to $11.00 in a research note on Monday, July 15th. Finally, Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a research report on Monday, July 15th. They issued a “buy” rating and a $12.75 target price for the company.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of $11.09 per share, with a total value of $49,905.00. Following the completion of the acquisition, the director now directly owns 21,486 shares of the company’s stock, valued at $238,279.74. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.